USA: An annual international survey known as the Edelman Trust Barometer shows economic optimism has completely collapsed, with only two out of five people believing their families will be better off in the future.

In some of the world's top economies, economic pessimism was at its highest, according to the research. The findings of the study were released on Sunday.

Globally, only 40% of respondents agreed with the statement "My family and I will be better off in five years", down from 50% a year earlier, in advanced countries such as the United States, United Kingdom, Germany and Japan. The most pessimistic outlook with economies.

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The study also demonstrated how inflation and the effects of the coronavirus pandemic have polarized societies. In contrast to the mistrust found among lower-income groups, higher-income households generally trust institutions such as business, government, the media, and non-governmental organizations.

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According to Richard Edelman, CEO of the consultancy, it once again demonstrated the widening class gap. "We saw it in the pandemic because of disparities in health outcomes, and now we see it in the context of the impact of inflation," he said.

According to the report, differences in society are so deeply rooted and entrenched that survey respondents feel they cannot be resolved. Two-thirds of people say there is an unprecedented lack of respect and decency in societies around the world.

Dave Samson, Edelman's global vice chairman of corporate affairs, said that "we are in a period of enormous systemic change in a multi-polar world, in which divisive forces are fueling economic grievances."

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“If this situation is not addressed, the result will be increased polarization, sluggish economic growth, increased discrimination, and a natural inability to solve problems.

According to Samson, CEOs and the businesses they run should be at the forefront of solving these problems and promoting economic optimism.

From November 1 to November 28, the study surveyed more than 32,000 participants in 28 different countries.